XLMedia PLC Trading Update (4993V)

TIDMXLM

RNS Number : 4993V

XLMedia PLC

24 July 2018

 
For immediate release  24 July 2018

XLMedia PLC

("XLMedia" or the "Group" or the "Company")

Trading update

XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the following trading update for the six months ended 30 June 2018.

The Group continues to trade in line with recently revised market expectations, and is executing on its strategy of diversifying its revenue streams through both organic and acquisitive means.

During the period, the Group acquired additional assets in both the gambling and personal finance space. These bolt-ons include the acquisition of Good Game Ltd's assets in January and WhichBingo.co.uk in April, as well as additional personal finance websites, including the recently acquired InvestorJunkie.com. All acquired assets are in the process of being integrated into the Group.

In XLMedia's personal finance vertical we have seen continued organic growth. The growth in this sector, combined with the website additions XLMedia has made during the past year, means that Group's revenues from this vertical are currently accounting for 10% of the Group's publishing revenues on a run-rate basis, compared to 5% in the prior year.

The Company will report results for the six months ended 30 June 2018 on 24 September 2018.

For further information, contact:

 
 XLMedia plc                        Via Vigo Communications 
  Ory Weihs 
  www.xlmedia.com 
 Vigo Communications                Tel: 020 7390 0230 
  Jeremy Garcia / Fiona Henson / 
  Kate Rogucheva 
  www.vigocomms.com 
 Cenkos Securities plc (Nomad and   Tel: 020 7397 8900 
  Joint Broker) 
  Camilla Hume / Mark Connelly 
  www.cenkos.com 
 Berenberg (Joint Broker)           Tel: 020 3207 7800 
  Chris Bowman / Mark Whitmore 
  www.berenberg.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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